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May 2012 Archives

Twin Cities developer pleads guilty to tax fraud

The more complicated a business transaction and business becomes, the more complicated the tax calculations are likely to become. This is a very good reason to consult with tax and legal professionals at tax time and throughout the year.

Back taxes could shutter a shelter

When a new business incorporates, as either a corporation or non-profit organization, it typically sets up its bookkeeping and record keeping according to advice from professionals, including accountants. Apparently an accountant did not provide the right advice to a Minnesota non-profit dog shelter and adoption agency.

Hello? Internal Revenue Service? Someone stole my tax return.

The Internal Revenue Service has more than one problem. Noncompliance, scofflaws, tax evasion, plus plain vanilla tax errors found during random audits of Minnesota taxpayers are just a few of the issues with which the IRS is dealing.

Six post tax day tips - - what to keep?

Whether you use a professional tax preparer, or do your taxes with a pencil at the kitchen table, once your taxes are done, what do you do with all that paper? The temptation may be to keep it all, but that would be too much. Other people may want to keep only the return itself, but that would not be enough.

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